Recession Briefing 9.22

Recession Briefing 9.22

A broad survey of Americans has provided striking measures of the recession’s effect on life at home and at work:
People are now stuck in traffic longer, less apt to move away and more inclined to put off marriage and buying a house
. (
Associated Press
)

The FDIC, which is rapidly running out of money after a wave of bank failures, is considering a plan to borrow money from some of the nation’s healthier banks in order to continue to rescue the sickest banks.
(
New York Times
)

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The number of foreign-born residents of the U.S. declined for the first time since at least 1970
, as a recession and tight labor market dented America’s image as the land of opportunity. (
Wall Street Journal
)

"The end of the world appears to have been postponed," said Paul Krugman
of the economic stimulus package at a seminar in Helsinki. The world economy "does not appear to be falling into an abyss but is still" in trouble. (
Bloomberg
)

Long after the economy recovers, millions of Americans will be left with a grim legacy of the recession: damaged credit scores.
(
USA Today
)

A new study shows that people who "strategically default" on their mortgages often have high credit scores
, in stark contrast with most financially distressed borrowers. (
Los Angeles Times
)

The recession could lead to an explosion in sexual health problems and unplanned pregnancies
, the head of a British agency has warned. (
BBC
)

New data shows that Maryland is the state to head to if you’re looking for a fat paycheck
: average household income there is highest in the country at $70,545. (
CNN/Money
)

Small business owners in neighborhoods around New York City are banding together and waging campaigns to urge customers to "shop locally."
(
New York
Daily News
)

A "totally free yard sale" was set up recently in rural Pennsylvania so that community members could donate unwanted items to their struggling neighbors.
(
Fox43
)

March 3 2015 1:39 PMThe “Most Pleasurable Portrayal of Libertarianism“ Bonus SegmentDavid, Emily, and John discuss what Parks and Recreation got right about government.Emily Bazelon, David Plotz, and John Dickerson